Imperial Oil reports $1.24B 3rd-quarter profit, down from $1.6B last year

Imperial Oil Ltd. reported a third-quarter nett of $1.24 billion, down from $1.60 cardinal successful the aforesaid 4th past year.

The institution says the nett amounted to $2.33 per diluted stock for the 4th ended Sept. 30, down from $2.76 per diluted stock a twelvemonth earlier.

The effect came arsenic Imperial’s full gross and different income amounted to $13.26 cardinal for the quarter, down from $13.92 cardinal successful the aforesaid 4th past year.

Imperial says upstream accumulation successful the 4th averaged 447,000 gross oil-equivalent barrels per day, the highest third-quarter accumulation successful implicit 30 years.

The effect was up from 423,000 gross oil-equivalent barrels per time a twelvemonth earlier.

Downstream throughput successful the 4th averaged 389,000 barrels per day, with wide refinery capableness utilization of 90 per cent, compared with 416,000 barrels per time and 96 per cent utilization a twelvemonth ago.

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